Caisse Des Depots ET Consignations Acquires Shares of 238 NVR, Inc. (NYSE:NVR)

Caisse Des Depots ET Consignations bought a new stake in shares of NVR, Inc. (NYSE:NVR) in the 4th quarter, HoldingsChannel reports. The fund bought 238 shares of the construction company’s stock, valued at approximately $1,947,000.

A number of other hedge funds also recently made changes to their positions in NVR. Proficio Capital Partners LLC purchased a new stake in NVR during the fourth quarter worth about $3,277,825,000. JPMorgan Chase & Co. grew its position in shares of NVR by 165.8% during the 4th quarter. JPMorgan Chase & Co. now owns 36,999 shares of the construction company’s stock valued at $302,611,000 after acquiring an additional 23,079 shares during the period. Corient Private Wealth LLC increased its stake in shares of NVR by 2,599.1% during the 4th quarter. Corient Private Wealth LLC now owns 8,988 shares of the construction company’s stock worth $73,512,000 after purchasing an additional 8,655 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of NVR in the 4th quarter worth approximately $37,942,000. Finally, Amundi lifted its stake in NVR by 82.9% in the fourth quarter. Amundi now owns 9,131 shares of the construction company’s stock valued at $73,102,000 after purchasing an additional 4,139 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Thomas D. Eckert sold 143 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $7,515.60, for a total transaction of $1,074,730.80. Following the sale, the director now directly owns 1,050 shares in the company, valued at $7,891,380. This represents a 11.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 7.00% of the stock is owned by corporate insiders.

NVR Stock Up 0.1 %

NVR opened at $7,318.93 on Friday. NVR, Inc. has a 12 month low of $7,015.00 and a 12 month high of $9,964.77. The company has a market cap of $21.73 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 2.39 and a beta of 1.25. The company has a current ratio of 6.18, a quick ratio of 3.69 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $7,538.87 and a 200 day moving average of $8,509.57.

NVR (NYSE:NVR) last posted its quarterly earnings results on Tuesday, February 4th. The construction company reported $139.93 EPS for the quarter, topping analysts’ consensus estimates of $132.63 by $7.30. NVR had a return on equity of 39.67% and a net margin of 16.34%. On average, sell-side analysts expect that NVR, Inc. will post 505.2 EPS for the current year.

NVR announced that its board has authorized a share buyback program on Wednesday, December 11th that permits the company to buyback $750.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. JPMorgan Chase & Co. decreased their target price on NVR from $9,245.00 to $8,570.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. UBS Group lifted their price objective on NVR from $8,750.00 to $8,900.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, NVR currently has an average rating of “Hold” and an average price target of $9,356.67.

About NVR

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.